Teuton Resources Corp . Silver Grail Resources Ltd.
TEUTON RESOURCES CORP .
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Teuton and Silver Grail Prepare for Summer Work on Their Properties
Located East and Southeast of Stewart, BC in the Golden Triangle
June 14, 2023 Victoria, Canada –– Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) and Silver Grail
(Silver Grail) (“SVG” -TSX-V) announce that they are finalizing plans for a summer work program on some
of their many properties located east and southeast of Stewart, British Columbia. This area has become a
prominent exploration hub in recent years, mostly because of the efforts of Dolly Varden Silver Corporation
and Goliath Resources Limited. These two companies have announced plans for drilling a combined total
of 58,000 metres in 2023 at their Homestake Ridge-Dolly Varden and Golddigger properties, respectively.
This amount of planned drilling is comparable to programs slated for the Treaty-Sulphurets-Scottie-
Premier area about 60 km to the northwest, traditionally the hot spot for exploration in the Triangle.
Teuton and Silver Grail own interests in many properties within this sub -region, foremost among them
being the Clone, Tonga, Fiji, Midas and Konkin Silver (see end of release for URL of figures). Both TUO and
SVG began acquiring ground here by staking beginning in the mid -1980s. Last year, Goliath Resources
staked a large number of claims in the area after completing two successful years of exploration at their
promising Golddigger property. Many of these newly staked Goliath claims adjoin properties long held by
Teuton and Silver Grail.
Plans by Teuton and Silver Grail in 2023 call for prospecting and sampling, particularly in areas o f glacial
ablation (meltback of ice due to a prolonged warming trend) and along extensive portions not previously
investigated. Teuton’s Clone property, owned 75% by Teuton and 25% by Silver Grail Resources, features
a set of shear zones from which high gold grades have been found on surface and by drilling after discovery
in 1996. A bulk sample from one location within this zone in 2011 returned 102 tons grading 4.0 ounces
gold/ton. About $7 million has been spent at the Clone property to date and around 200 holes have been
drilled.
One theory about the Clone mineralization is that it could be related to a porphyry copper -gold zone
located somewhere at depth. This is suggested by the presence of chalcopyrite clasts in a megabreccia
which is in contact with the main gold-rich, hematite-bearing shear on its northeast side. More work will
be done this year to follow up this theory. Coincidentally, petrographic work in 2022 at the Go liath’s
Golddigger property located 12 km to the southeast of the Clone, and which also features a set of
northwest trending mineralized shear zones, also suggests a genetic link between the gold -silver
mineralization observed found near surface with a porphyry feeder zone.
Work on Teuton’s Tonga and Fiji properties, owned 50-50 with Silver Grail Resources, will focus on a variety
of mineralized occurrences previously found but never investigated in detail. Prominent silver stream
sediment geochemistry found on the Tonga pro perty is in an area with many airborne geophysical
anomalies. Several copper soil geochem anomalies in the vicinity have never been followed up but will be
investigated in 2023. Sedimentary exhalative lead-zinc-silver float previously found in a creek has yet to
be traced to source.
The northern end of the Fiji property (to the north of the Tonga silver and gold mineralization), lies along
the northwestern extension of the Kitsault Valley trend which hosts the major gold-silver Homestake Ridge
zone owned by Dolly Varden, and further south the former producing Torbrit silver mine. The Fiji area has
been only lightly explored in the past and in particular, there are many areas within it that have been
covered by permanent snow or icefields. Much of these previously obscured areas have now opened up
for prospecting due to meltback.
Silver-rich areas within the western portion of the Konkin Silver claim and surrounding properties will also
be prospected. Again, it is hoped that ablation of icefields has exposed new ground for investigation. Ross
Sherlock, Ph.D., formerly of SRK Consultants, had this to say about the Konkin Silver after a site visit: “Eskay
Creek is a precious metal rich VMS deposit and portions have similar geology to the Konkin showing, with
high grade gold and silver in massive baritic zones.”
To the north of the Konkin Silver are the Midas, Del Norte and Lord Nelson pro perties. The latter two
properties, 100% owned by Teuton, are currently under option to Decade Resources. Around $8 million
has been spent exploring the Del Norte with multiple structures identified, mostly gold-silver-lead-zinc or
gold-copper.
Other properties which may be looked at will be the Ram, Bud and Gold Mountain claims, all jointly owned
as between Teuton and Silver Grail. Each one of these properties retains potential for discovery of
economic mineralization. Teuton and Silver Grail may also accept proposals to option some of their
properties.
Qualified Person
Dino Cremonese, P . Eng., is the Qualified Person for Teuton Resource for the purposes of this news release;
as President and CEO of Teuton, he is not independent of the Company.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest
British Columbia and was one of the first companies to adopt what has since become known as the
“prospect generator” model. This model minimizes share equity dilution while at the same time
maximizing opportunity. Earnings provided from option payments (received in cash and often also in
shares of the optionee companies), have provided substantial income to Teuton.
Interested parties can access information about Teuton at the Company’s website, www.teuton.com.
URL for Figures: http://teuton.com/goliathmap
Respectfully submitted,
"Dino Cremonese, P .Eng."
Dino Cremonese, P . Eng.,
President and Chief Executive Officer
Teuton Resources Corp.
Silver Grail Resources Ltd
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate
to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to matters that are not historical facts
are intended to identify forward -looking information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ materia lly.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that such statements will prove to be
accurate and actual result s and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's plans or expectations
include risks relating to the actual results of current e xploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general
economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
The Company expressly disclaims any intention or obligation to update or revise any forward -looking statements
whether as a result of new information, future events or otherwise except as otherwise required by applicable
securities legislation.